UPS Decides Not to Oppose
Postal Service's Discount Offer

By

Rick Brooks Staff Reporter of The Wall Street Journal

Updated Oct. 17, 2002 1:08 p.m. ET

ATLANTA -- United Parcel Service Inc. said it doesn't oppose a request by the U.S. Postal Service to offer reduced postage rates to a unit of Capital One Financial Corp. that is the country's largest producer of first-class mail.

In a filing with the federal Postal Rate Commission, UPS said it "does not object to the granting of that experimental authority," which would include per-piece discounts on certain solicitations...